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The number of shares that will be freeing up for trading amount to $26 billion in value, according to the Nuvama note.
Out of the 712 crore shares, majority of them, or 529.1 crore shares belong to one entity, Bajaj Housing Finance, whose lock-in will open on April 15. The number of shares here amount to 64% of the company’s outstanding equity.
In the month of March, four companies, the recent listings, will have their one-month lock-in period ending.
Stock | No. Of Shares | % Outstanding |
Dr. Agarwal Health Care | 1.1 Crore | 3 |
Hexaware Technologies | 1.8 Crore | 3 |
Ajax Engineering | 30 Lakh | 3 |
Quality Power Electrical | 50 Lakh | 6 |
The end of the three-month lock-in period over the next two months will see stocks like Vishal Mega Mart, MobiKwik, DAM Capital, Transrail Lighting among others become eligible to trade.
Stock | No. Of Shares | % Outstanding | Lock-In Ends |
Vishal Mega Mart | 15.4 Crore | 3 | March 17 |
MobiKwik | 50 Lakh | 6 | March 17 |
Transrail Lighting | 30 Lakh | 2 | March 25 |
DAM Capital | 40 Lakh | 6 | March 24 |
Premier Energies has seen the end of its six-month lock-in period in today’s trading session. Over the next two months, India’s largest IPO, Hyundai Motor India will also see the end of its six-month lock-in in April, along with stocks like Waaree Energies, Northern Arc, Kross, Niva Bupa, among other names.
Stock | No. Of Shares | % Outstanding | Lock-In Ends |
Hyundai Motor India | 50.8 Crore | 62 | Apr-21 |
Waaree Energies | 15.3 Crore | 53 | Apr-25 |
Northern Arc | 9.9 Crore | 61 | Mar-24 |
Niva Bupa | 1.8 Crore | 1 | Apr-29 |
Manba Finance | 2.8 Crore | 55 | Mar-27 |
Indian equities are currently bearing the brunt of extreme selling pressure as owing to a weak handover from Wall Street and the uncertainties surrounding the tariffs imposed by US President Donald Trump.
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